Advisory Board Now Covered by Analysts at Stephens (ABCO)
Equities researchers at Stephens initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Monday. They set a “buy” rating and a $72.00 price target on the stock. Separately, analysts at Merrill Lynch initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Friday, September 13th. They set a “buy” rating on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Friday, September 13th. They set a “buy” rating and a $67.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $64.00.
Advisory Board (NASDAQ:ABCO) traded up 1.10% during mid-day trading on Wednesday, hitting $60.89. 52,634 shares of the company’s stock traded hands. Advisory Board has a one year low of $42.72 and a one year high of $60.98. The stock has a 50-day moving average of $57.94 and a 200-day moving average of $53.94. The company has a market cap of $2.182 billion and a P/E ratio of 100.55.
Advisory Board (NASDAQ:ABCO) last released its earnings data on Wednesday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $123.21 million for the quarter, compared to the consensus estimate of $121.88 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts predict that Advisory Board will post $1.25 earnings per share for the current fiscal year.
In other Advisory Board news, EVP Cormac Miller sold 1,600 shares of the stock on the open market in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $59.54, for a total value of $95,264.00. Following the transaction, the executive vice president now directly owns 1,207 shares of the company’s stock, valued at approximately $71,865. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Advisory Board Company provides best practices research and analysis, software tools, and management and advisory services to the health care and education industries.
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